About Macquarie

Select a country:
Australia	Indonesia	South Africa
Austria	Ireland	Sweden
Brazil	Japan	Switzerland
Canada	Korea	Taiwan
China	Malaysia	Thailand
France	Netherlands	United Arab Emirates
Germany	New Zealand	United Kingdom
Hong Kong	Philippines	United States
India	Singapore

Home» Advisers» Keep up to date» Forward Thinking» April 2011 Quiz

Keep up to date

April 2011 Quiz

Your details

First name * Please enter your first name

Last name * Please enter your last name

Submit Reset

Quick links

What do you need?

Contact us

Call: 1800 808 508

Overseas: +61 7 3233 8137

Fax: 1800 550 140

Where we provide any advice on this website, it has been prepared without considering your objectives, financial situation or needs. Before acting on any advice on this website, you should consider its appropriateness to your circumstances and, if a current offer document is available, read the offer document before acquiring products named on this website.

Past performance of any product described on this site is not a reliable indication of future performance.

Other than Macquarie Bank Limited (Australian Credit Licence (ACL) 237502) ABN 46 008 583 542 (MBL), any Macquarie Group entity noted on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). That entity's obligations do not represent deposits or other liabilities of MBL. MBL does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.

Future planning: what will advice look like in 2020?
Q1	1. According to research carried out by Macquarie in 2010, how many boutique firms were thinking of adding additional services over the next three years? a) 33 per cent b) 56 per cent c) 84 per cent
Q2	2. Of these, how many were looking at mortgages? a) a quarter b) one-third c) half
Q3	Research from Wealth Insights in December 2010 indicates that 48% of advice practices either offer or intend to offer mortgages. a) True b) False
MAStech: Interest Deductibility
Q4	Which of the following is true in respect of the borrower's intention regarding interest deductibility? a) The borrower's intentions regarding how the asset is to be used in the future in respect of its income producing features may impact on immediate deductibility b) The borrower's intention is only relevant with respect to the current income year c) The borrower's intentions are irrelevant - the only relevant factor is whether the asset actually produces assessable income d) The borrowers intention that, over the term of the investment, total assessable income will be less than associated expenses, is of no relevance
Q5	Interest prepayments may be deductible in the current income year only if: a) The prepayment does not relate to a negative gearing scheme involving real property b) The prepayment relates to a period not exceeding 13 months c) The prepayment relates to a period not exceeding 12 months d) All of the above apply
Q6	Which of the following is not a key outcome of the High Court of Australia's decision in Hart? a) Heavy marketing of the tax benefits of the Wealth Optimiser arrangement helped the Commissioner's argument that tax benefits were the dominant purpose when entering into the arrangement. b) The High Court accepts that a person may enter into an arrangement that results in a rental property being more highly geared than a principal residence, without Part IVA applying. c) The High Court placed some weight on the Harts' absence of resistance to use of the additional security of their principal residence to secure the rental property. d) The decision means that home loan equity should not be used for negative gearing purposes.
MAStech: Bringing the use of TTR pensions closer to home
Q7	To be eligible for the proposed $50,000 concessional contribution cap announced in May 2010 the client must: a) Have total super balance(s)of less than $500,000 b) Make the contribution on or after 1 July 2012 c) Be aged 50 or over d) All of the above
Q8	Which of the following is a benefit of starting a TTR pension in a taxed superannuation fund: a) A source of supplementary income b) A source of extra superannuation saving c) A means of reducing the home loan d) All of the above
Q9	Using TTR pension payments to pay down the home loan rather than re-contributing them as non-concessional contributions may make sense when: a) The interest rate is higher than the net pension return rate b) The interest rate is lower than the net pension return rate c) Always d) Never
Consider all options when reviewing pricing models
Q10	Advisers have three main choices when it comes to choosing a pricing model: asset-based fees, fixed-dollar fees and hourly rates. a) True b) False
Q11	2. Under an asset-based fee model, planners are often not remunerated for advising on other assets such as direct shares. a) True b) False
Q12	Under a fixed dollar fee, fees can often be better linked to the actual services provided to the client a) True b) False
Capital protection
Q13	Capital protection can offer a risk controlled opportunity to re-enter the market while it remains subdued a) True b) False
Q14	The new style of capital protection being developed by Macquarie, client-tailored dynamic allocation, focuses on delivering maximum flexibility and transparency. a) True b) False
Q15	CPPI stands for: a) constant proportion portfolio insurance b) capital proportion portfolio insurance c) capital protection portfolio insurance
Economic commentary
Q16	One of the conditions from 2010 that is expected to remain unaltered is the strong performance of emerging economies, compared to the large developed economies. a) True b) False
Q17	The most important development in 2011 is likely to be the decreasing divergence within emerging and developed economies. a) True b) False
Q18	The Australian economy is expected to be one of the most variable in 2011. a) True b) False
Next generation technology and life insurance
Q19	Already in 2011 for the months of January and February there has been a year on year increase of adviser applications made online of 69 per cent. a) True b) False
Q20	During the next twelve months Macquarie Life will be introducing significant changes to its technology platform to assist advisers to build practice efficiencies and to help them to better service clients. a) True b) False
Q21	New data feed capability between popular practice management tools COIN or Xplan, will also eliminate much of the need for advisers and their staff to re-key client data relating to completed applications. a) True b) False
Cashflow matters: the heart of your practice
Q22	Which of these statements is true? a) 28 per cent of clients are seeking information on money management strategies b) The Australian economy is in its 20th year of economic growth c) Our disposable income per person increased 13 per cent during the last three years, however our net worth fell by seven per cent d) All of the above
Q23	Managing cashflow can be a key component of your service offering and help you grow your client base, build referrals, capture the client, demonstrate how you can add value. a) True b) False
Q24	With high levels of debt, low saving rates and demand for information on money management, a cashflow management service can help advisers demonstrate significant ongoing value to clients, which may become increasingly important under the Government's proposed introduction of an annual opt-in agreement for advice. a) True b) False
SMSFs: Joining the dots for efficiency
Q25	According to the Australian Taxation Office, 27 per cent of the approximately $420 billion funds under management in Australian SMSFs is invested in cash and term deposits a) True b) False
Q26	COIN software can assist SMSF businesses with the generation of Statements of Advice (SOA) as well as offering full CRM, back-office support, adviser financial planning tools, practice management tools and ongoing SMSF service tools such as portfolio reviews, administration and interfaces with SMSF administrators. a) True b) False
Q27	SMSF advisers can avoid manual data entry by using datafeeds or downloads of each fund’s transactions directly into their financial planning and accounting software. a) True b) False

April 2011 Quiz

Your details

Future planning: what will advice look like in 2020?

MAStech: Interest Deductibility

MAStech: Bringing the use of TTR pensions closer to home

Consider all options when reviewing pricing models

Capital protection

Economic commentary

Next generation technology and life insurance

Cashflow matters: the heart of your practice

SMSFs: Joining the dots for efficiency

Quick links

What do you need?

Contact us